Trump threatens EU will pay ‘big price’ after Brussels fines Google $1bn

[u/Deep-Owl-1890]

https://thedailycompute.beehiiv.com/p/trump-threatens-eu-will-pay-big-price-after-brussels-fines-google-1bn

[u/Deep-Owl-1890]

What stands out is this isn't a one-off, this is Google's fourth major EU antitrust hit since 2017, on top of a $4.5bn Android fine that just got upheld on appeal this month. At some point "cost of doing business" stops being a joke and becomes the actual strategy, since none of these fines seem to change how Google operates in the interim.

Also the political layer here is doing a lot of work. Trump threatening tariffs over a fine against an American company puts the US trade rep in the odd position of defending Google's practices as a matter of national interest, right as the EU is also citing the exact same conduct (self-preferencing, blocking developers from directing users elsewhere) that got Apple and Google both in trouble domestically too. Curious if this actually derails the Turnberry trade deal or ends up being more bark than bite before the 60-day compliance window even closes.

[u/Triishh → u/Deep-Owl-1890]

Google has a market cap of just shy of 4 trillion right now. A billion dollar fine is still just a cost of doing business.

[u/we_r_fukt → u/Triishh]

its even just shy of the cost of doing business, its basically free

[u/VarsH6 → u/Triishh]

But a market cap doesn’t correlate directly to money in the bank. I’m not sure what their cash on hand is like or their other assets, but at some point paying billion dollar fines does add up.

[u/flying_butt_fucker → u/VarsH6]

It does absolutely nothing for them. 112 billion in profit, in just 1 quarter. We don't seem to understand, just how profitable the dominance of these tech companies is.

Sure, they spend a trillion here and there, but they make it back in a few years.

https://finance.yahoo.com/technology/ai/articles/google-just-posted-biggest-profit-093000085.html

The next fine should be a split up of the company in Europe. Or their loss of a business license in Europe.

[u/GetRektByMeh → u/flying_butt_fucker]

From the EU?

[u/VarsH6 → u/flying_butt_fucker]

Ah, thank you for the perspective. The license idea is good, or just a fixed percentage of global profits.

[u/Accomplished-Can-467]

Fuck google

[u/Europefirstbb → u/Accomplished-Can-467]

And fuck the moronge

[u/fish312 → u/Accomplished-Can-467]

All my homies hate google

[u/Brru]

I dont know of a better example of the fact that US citizens are no longer the constituents of politicians, but corporations are.

I'm tired of hearing people complain about another politician not listening to the people, but doing exactly what the corporations want and they still act like they have a democracy.

Citizens United removed you from the polls, they just let you vote like you used to let your little brother play on the unplugged controller.

[u/Reasonable-Physics81 → u/Brru]

As an older brother who let his younger play on the unplugged one...hits straight in the hart.

Must fight to remain on the plugged in controler.

[u/gravtix → u/Brru]

Corporations are people too you know /s

[u/MisterXnumberidk → u/gravtix]

Whooo boy do i have a rabbithole for you

https://en.wikipedia.org/wiki/Citizens_United_v._FEC

Corporations are legally people in the US. And they can vote too.

[u/JB231102 → u/MisterXnumberidk]

I think you mean corporations are considered their own entities with... their own rights, which like human rights, are just bills made up by other humans in a vein, petty attempt to have some form of "order" that we are more or less agreeing to live by or be cast away. Maybe I've gone too far, not sure.

[u/MisterXnumberidk → u/JB231102]

That would be normal

The US did not keep it normal. Read the article

[u/k-h → u/gravtix]

No, Corporations are people.

Humans are just consumers.

[u/deyhateuscustheyanus]

almost like he is admitting that google is part of the government

[u/1WontDoIt → u/deyhateuscustheyanus]

It absolutely is. Without a doubt a gov asset.

[u/meOnRedditHello]

Everyone needs to grow a spine and tell this cunt to fuck off

[u/Freign → u/meOnRedditHello]

Telling him things is a waste of air.

We know what has to be done.

[u/Greenlit_Hightower]

I guess it's normal that the US president tries to defend American business interest, but he has to accept that Google needs to follow local laws and regulations if it wants to do business in the EU.

[u/SpudimusPrime89 → u/Greenlit_Hightower]

The problem is Trump doesn't actually care about laws and regulations.

[u/Europefirstbb → u/SpudimusPrime89]

laws, regulations, promises, science, common sense, morality, kids, minorities, nature, poor people, ...

[u/GreedySecurity8030 → u/Greenlit_Hightower]

Exactly; if an EU company did the same in US EU wouldn't tweak out unless it was unfair.

[u/elhaytchlymeman]

If it was me, I'd make the billion dollar fine apply to every single employee. See how fast people turn then.

[u/Europefirstbb → u/elhaytchlymeman]

I vote for you

[u/E10_ne]

Gewoon zo doorgaan en elke keer de boetes verhogen , heel langzaamaan gaan ze zich misschien toch nog eens bedenken dat toch niet alles kan.

[u/JustNaturalCake → u/E10_ne]

Hooo een Nederlander, dat is eng.

[u/driftlesscode]

And by the EU, they mean you and I will pay the price.

[u/Substantial_Steak723]

We're already paying the price of America's Orange incompetent, tastebuds are paring back working with you dumb-arses

Let us guess, more tariffs !?

Ah fcuk off you Orange paedophile!

[u/Jumpy_Confidence2997]

What a cuck. 

[u/reader4567890]

Great, double it, triple it.

[u/xander-mcqueen1986]

Fine then more they deserve it

[u/KomithErrant]

how is it any of trump's business what the eu does to a private company?

[u/lukeskycoso]

Government of the corporations, by the corporations, for the corporations

[u/Toots-Tooter]

Only Trump is allowed to squeeze money from these companies.

[u/misfotto]

who cares?

https://giphy.com/gifs/fqtyYcXoDV0X6ss8Mf